Long-Term Investments

question 21

Multiple Choice

Long-term investments:

• A) Are current assets.
• B) Include funds earmarked for a special purpose such as bond sinking funds.
• C) Must be readily convertible to cash.
• D) Are expected to be converted into cash within one year.
• E) Include only equity securities.

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Definitions:

Information Processing

The series of actions or operations that the mind or a computer system undertakes to receive, retrieve, store, and utilize information.

Optimism

A mindset marked by optimism and belief in one's ability to achieve success and a bright future.

Big Five Model

A rephrasing of Big Five Trait; it is a psychological model that classifies human personality into five major dimensions for better understanding and assessment.

Surgency

A personality trait characterized by leadership qualities, including assertiveness, dominance, and the ability to influence others.